Focused on the crossroads of insurance,
healthcare services, investment services,
and the technologies that serve those sectors.
Patient Care
was acquired by
a portfolio company of
Century Equity
Financial advisor to Patient Care January 2017
DirectPath to Acquire Patient Care
Industry: Healthcare Services
Type: Sell-Side M&A

Acquisition gives employers and their employees a complete solution for reducing health care costs, from health plan options to treatment comparisons

DirectPath, the industry leader in employee health care engagement and compliance, today announced that it has signed an agreement to acquire Patient Care, a Milwaukee-based health care advocacy and transparency company. With the acquisition, DirectPath will expand its suite of services for employers, offering them a complete solution for affordable health care.

“We’re thrilled to be part of the DirectPath family, and I look forward to working hand-in-hand with other members of the talented DirectPath team.”

DirectPath’s strategic engagement services help Fortune 1000 employers experience a significant return on their benefits investments by increasing employee participation in consumer-driven health plans. Patient Care’s advocacy and transparency services help employees better understand the complicated health care system and make informed decisions about health care spending. The acquisition of Patient Care expands DirectPath’s services; employees of DirectPath’s customers can now receive guidance in selecting the most affordable, high quality procedures covered under their plans.

“Once a health plan has been selected, employees still need guidance on making the most cost-efficient care decisions. For more than 15 years, Patient Care has performed this invaluable service, helping employees become informed health care consumers,” said Michael Byers, executive chairman of DirectPath. “Patient Care’s leading advocacy and transparency services are a natural complement to our active engagement services, allowing us to help employers and their employees control costs every step of the way, from the plan they enroll into treatment choices. With this acquisition, DirectPath’s breadth and depth of service offerings is now unmatched in the industry.”

Founded in 2001, Patient Care helps more than 1.6 million employee members navigate the health care system and become better health care consumers. The company’s team of advocates works to make sure their members have the information they need to understand and use their health care benefits effectively. Patient Care’s transparency service allows members to compare costs before a planned procedure.

“Patient Care shares a common mission with DirectPath: to reduce health care costs for both employers and employees. By joining forces with DirectPath, we are better able to make this mission a reality and scale our services to benefit far more companies and their employees,” said Jane Cooper, president and CEO of Patient Care. “We’re thrilled to be part of the DirectPath family, and I look forward to working hand-in-hand with other members of the talented DirectPath team.”